Unemployment in Chile
Chile - UnemploymentAvailable data points to a moderation in economic activity in the first quarter, on the heels of a seemingly stronger fourth quarter last year. Despite low inflation, household spending appears to be cooling as reflected by tepid retail trade metrics in January and still negative consumer sentiment in the first two months of the year. On the other hand, a recent rise in copper prices and improved optimism among businesses in February should buttress fixed investment. That said, uneven industrial output through January and paralyzed construction projects could weigh on investment. In the political arena, analysts’ expectations remain pinned to the approval of long-awaited market-friendly reforms on taxes and pensions in the first half of this year; although they are likely to pass, failure to do so could hinder investment and thwart the government’s economic projections.
Chile - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Chile Unemployment Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
|Bond Yield||4.27||-0.44 %||Mar 11|
|Exchange Rate||670.7||0.05 %||Mar 11|
|Stock Market||26,808||-0.67 %||Mar 11|
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March 7, 2019
The Adimark GfK consumer confidence index edged down to 46.3 points in February, from 47.0 points in January.
March 5, 2019
According to the IMACEC index, economic activity rose 2.4% year-on-year in January, moderating from December’s 2.6% rise.
March 1, 2019
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez rose from 50.7 points in January to 54.2 in February, thus moving further above the crucial 50-point threshold that separates optimism from pessimism among businesses.
February 27, 2019
Copper prices rose in February after a tepid increase in January.
February 8, 2019
According to the National Statistical Institute (INE), consumer prices ticked up 0.1% month-on-month in January, after edging down 0.1% in December.